Life Insurance
Do NRIs Need to Pay GST on Life Insurance?
Thu, January 11, 2024
In the tangled web of financial planning for Non-Resident Indians (NRIs) many opt for investing in life insurance from India. While considering this investment one wonders whether GST applies to life insurance emerging as a pivotal point.
2 min read
Altering the Nominee of Your Life Insurance Plan: Is It Possible?
Wed, August 9, 2023
Changes can be daunting, especially when they're unexpected. Take a change of nominee for example.
2 min read
Deciding Between Whole Life Insurance and Term Insurance: A Comparative Analysis
Wed, August 9, 2023
ParametersWhole Life InsuranceTerm insuranceWhat is it Whole life insurance is a type of life insurance policy that provides coverage for the entire life of the policyholder, as long as the premiums are paid. As per the guidelines of the Insurance Regulatory and Development Authority of India (IRDAI), whole life insurance policies can be offered by insurance companies in India.
3 min read
Exploring Variable Life Insurance: An In-Depth Overview
Wed, August 9, 2023
Looking for a life insurance policy that lets you invest your hard-earned cash? Well, look no further! Variable Life Insurance (VLI) is the answer! VLI policies are typically offered as unit-linked insurance plans (ULIPs), which combine life insurance coverage with an investment component. ULIPs are a popular investment option for individuals looking to invest in the stock market or other investment vehicles, while also providing life insurance coverage.
3 min read
What are the Conditions Under Which a Term Insurance Claim is Rejected?
Thu, January 11, 2024
Term insurance offers financial security to your loved ones when you are no longer around. Many people choose term life insurance policies as they offer significant coverage with affordable premiums as well as tax benefits.
3 min read
How Much Extra Premium Do Smokers Have to Pay for Term Insurance?
Tue, January 9, 2024
Smoking is the chief cause of unpredictable deaths in today's world as it gives birth to critical illnesses like cancer, stroke, heart disease and COPD. As per WHO, it accounts for nearly 1.
3 min read
What Is Term Life Insurance?
Tue, December 12, 2023
The death benefit of a term life insurance policy is distributed over a predetermined time period to the beneficiaries. The term life insurance policyholder has three options after the term has ended: continue the coverage for another term, think about making it permanent protection, or let the policy lapse.
3 min read
Acquiring a Term Insurance Plan for a Non-Working Spouse: Is It Possible?
Wed, August 9, 2023
Well, let's have a chuckle and define a non-working wife as a woman who doesn't bring home the bacon through official employment or business ventures. Whether or not, she's a domestic goddess handling all the cooking, cleaning, and family wrangling is up for debate.
2 min read
Determinants of Term Insurance Plan Premiums: Key Influencing Factors
Wed, August 9, 2023
Term insurance plans are crafted to offer coverage for a specific duration, typically between 5 to 30 years. They provide a death benefit to the policyholder's beneficiaries if, god forbid, the policyholder passes away within the policy's term.
2 min read
Demystifying Endowment Insurance Plans: A Comprehensive Guide
Wednesday, August 9, 2023 | 2 min read
Are you worried about your child’s education, buying a house, or planning a retirement?Do you wish to get a sweet lump sum payment that combines your original coverage amount with your accumulated savings? It's like hitting the savings jackpot!Then a type of life insurance called an endowment insurance plan? Is a great option to consider because it combines both protection and savings. Basically, the policyholder pays a regular premium to the insurance company, which provides life insurance coverage for a specific period (usually between 10 to 30 years).
Diving into Varied Categories of Retirement Plans
Wednesday, August 9, 2023 | 3 min read
Everyone thinks about their golden age when they can finally retire from work, put up their feet and enjoy a leisurely life. But do you know the retirement age in India?Well, we have an answer for you, the retirement age in India varies depending on the specific sector and occupation.
Exploring Assorted Varieties of Endowment Plans
Wednesday, August 9, 2023 | 3 min read
So, have you ever wondered where the word "endowment" comes from? Well, it actually has its roots in the Latin word "indotare", which meant "to supply with a settlement". Eh, that makes sense, right? Back in the Middle Ages, endowments were given as gifts of land or property to support churches or other institutions.
Understanding Child Protection Plans
Wednesday, August 9, 2023 | 3 min read
We all cherish our kids, right? And we want to ensure they’re cared for no matter what. So, listen up parents, because this one's important.
Exploring Child Insurance Policies: Safeguarding Your Child's Future
Wednesday, August 9, 2023 | 2 min read
Are you worried about your child’s future needs and wish to secure your little one's future? Look no further than child insurance policies. These plans cover everything from education to marriage and other life events, ensuring your child's financial security in case of the unexpected.
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What Is Group Life Insurance? Affordable Coverage for Collective Protection
Thu, November 16, 2023 | 3 min read
Unveiling the Advantages of Group Term Life Insurance
Wed, August 2, 2023 | 5 min read
Group Term Life Insurance is a kind of life insurance that provides coverage for a group of people for a specific period of time, usually one year. It is commonly offered as an employee benefit by employers and is designed to provide a death benefit to the beneficiaries of an insured person in the event of their death.
Are Life Insurance Claims Taxable?
Mon, April 22, 2024 | 3 min read
Life insurance offers financial security to your loved ones in the form of death benefits to the nominee(s) in the event of the policyholder’s demise. Previously, policyholders could also enjoy tax benefits on the premiums they paid towards a life insurance policy, which added to the savings they accrued.